Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods. determine whether the company's business model is well matched to changing market and competitive circumstances. stay on track in achieving the company's mission and strategic vision. determine what changes should be made to its strategy map. determine whether the company has a balanced scorecard for judging its performance.

Question

Adriana Dickerson

Business

30 June, 13:53

Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments in order to decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods. determine whether the company's business model is well matched to changing market and competitive circumstances. stay on track in achieving the company's mission and strategic vision. determine what changes should be made to its strategy map. determine whether the company has a balanced scorecard for judging its performance.

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Mattie · Answer 1

decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods.

Explanation:

Management can be defined as the process of administering and controlling the affairs of the organization, according its type, structure and size. It is an act of creating and maintaining such a business environment wherein the members of the organization can work together, and achieve business objectives efficiently and effectively.